A man paid 10% down payment of P200,000 for a house and lot and agreed to pay the 90% balance on monthly installment for 60 months at an interest rate of 10% compounded monthly. Compute the amount of the monthly payment.
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Q: 4. A man paid 10 % as down payment of P200,000.00 for a house and lot and agreed to pay the balance…
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Q: A man paid 10% down payment of P200,000 for a house and a lot and agreed to pay the balance on…
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- A man paid 10% down payment of P200,000 for a house and a lot and agreed to pay the balance on monthly installment for "x" years at an interest rate of 15% compounded monthly. If the monthly installment was P42,821.87. Find the value of x?A man paid 10% down payment of P200,000 for a house and lot and agreed to pay the balance on monthly installments for "x" years at an interest rate of 15% compounded monthly. If the monthly installment was P 47,579.8602, find the value of x?A man paid 10% down payment of P200,000 for a house and a lot and agreed to pay the balance on monthly installment for "x" years at an interest rate of 15% compounded monthly. If the monthly installment was P42,821.87. Find the value of x? Show your complete solution.
- 1. Mr. M. Rogue obtains a loan of P60,000.00 to be paid by equal periodic payment at the end of each 3 months for 3 years at 8% interest compounded quarterly. How much is the periodic payment?A man paid a 10% downpayment of P 200,000 for a house and lot and agreed to pay the balance on monthly installments for 10 years at an interest rate of 15% compounded monthly. What was the monthly installment in pesos? P 24329.29 P 27561.29 P 28540.29 P 29040.29A man paid 10% down payment of P200, 000.00 for a house and lot and agreed to pay the balance on monthly installments for 60 months at an interest rate of 15% раy compounded monthly. Determine the required monthly payment. Construct the monthly amortizations schedule.
- 4. Castor borrowed today from ChuChu P100,000.00 and agreed to repay the loan with 3 equal monthly amounts, the first payment to start 1 month from today. How much is the value of the monthly payment? Construct an amortization schedule. Interest is 12 % compounded monthly.A man paid 10% down payment of P2, 000,000 for a house and lot. If the rate of interest is 15% compounded monthly. What is the monthly installment if he agrees to pay the balance on monthly installment for 5 yearsA man paid 10% DP of P1M for a house & lot & agreed to pay the balance on monthly installments for "X" years at an agreed rate of 12% compounded quarterly. If the monthly installment was P100k, find the value of "X"?
- A man borrowed K6,000 a 7% and agrees to pay back by making equal payments at end of every month for 4 years. (i) Find the periodic payment (ii) Prepare an amortization schedulecastor borrowed today from Chuchu P100,000.00 and agreed to repay the loan with 3 equal monthly amounts, the first payment to start 1 month from today. How much is the value of the monthly payment? construct an amortization schedule. Interest is 12%compounded monthly.Maria loaned an amomuchunt of P100,000.00 payable in 15 equal quarterly installments. The first payment was made a year after the money was borrowed. How much in each of the quarterly installments if rate of interest 10% compounded bi-monthly?